TECH SUPPLIER Nov 2020 - Market Forecast - Doc # US46976220

Worldwide Data Protection as a Service Forecast, 2020–2024

By: Andrew SmithResearch Manager, Cloud Infrastructure Services, Phil GoodwinResearch Vice President, Infrastructure Systems, Platforms and Technologies Group

Abstract

This IDC study provides an update to the data protection as a service (DPaaS) market for 2020–2024. Notable in this update are IDC's updates to the DPaaS forecast in light of COVID-19.

"The DPaaS market delivered strong results in 2019, and we expect a slight deceleration in growth in 2020, primarily because of COVID-19, followed by accelerating growth throughout the remainder of the forecast period," said Andrew Smith, research manager, Infrastructure Platforms and Technologies at IDC. "We have not seen a significant slowdown in the enterprise adoption of cloud infrastructure and services as a result of the economic and operational challenges posed by COVID-19. Although we do expect short-term headwinds because of economic uncertainty during the first half of 2020, the long-term performance of this market remains largely unchanged, driven by our expectations around continued growth of cloud- and services-based secondary storage initiatives."


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